Public Employees Retirement Association of Colorado cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,148 shares of the transportation company’s stock after selling 106 shares during the period. Public Employees Retirement Association of Colorado’s holdings in C.H. Robinson Worldwide were worth $1,865,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Teachers Advisors LLC raised its stake in C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock valued at $11,737,000 after buying an additional 668 shares during the period. Macquarie Group Ltd. raised its stake in C.H. Robinson Worldwide by 14.9% in the fourth quarter. Macquarie Group Ltd. now owns 10,000 shares of the transportation company’s stock valued at $733,000 after buying an additional 1,300 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in C.H. Robinson Worldwide by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 121,862 shares of the transportation company’s stock valued at $9,418,000 after buying an additional 3,533 shares during the period. Gulf International Bank UK Ltd raised its stake in C.H. Robinson Worldwide by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 43,336 shares of the transportation company’s stock valued at $3,349,000 after buying an additional 700 shares during the period. Finally, National Pension Service raised its stake in C.H. Robinson Worldwide by 7.1% in the first quarter. National Pension Service now owns 138,715 shares of the transportation company’s stock valued at $10,771,000 after buying an additional 9,147 shares during the period. Hedge funds and other institutional investors own 87.34% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 66.11 on Friday. The stock’s 50 day moving average price is $67.19 and its 200 day moving average price is $72.50. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16. The firm has a market capitalization of $9.28 billion, a PE ratio of 19.39 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period last year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post $3.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.94%.

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Several research firms have commented on CHRW. Vertical Research began coverage on C.H. Robinson Worldwide in a research note on Thursday, April 13th. They set a “sell” rating and a $71.00 price objective for the company. Deutsche Bank AG cut their price objective on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Credit Suisse Group reiterated a “sell” rating and set a $75.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Barclays PLC reiterated a “hold” rating and set a $73.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Finally, BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $70.10.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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